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Kaupthing savers will be offered £350m package

Depositors and bondholders in the collapsed Kaupthing Singer & Friedlander Isle of Man bank are to be offered a £350m compensation package by the island's government and banks, it was reported yesterday.

Depositors and bondholders in the collapsed Kaupthing Singer & Friedlander Isle of Man bank are to be offered a £350m compensation package by the island's government and banks, it was reported yesterday.